Forbright EVP Leanne Ladd files Form 3 holdings
Forbright, Inc. executive Leanne Ladd, an EVP, filed an initial Form 3 showing beneficial ownership of 47,045 shares of Class A common stock, all in the form of restricted stock awards that vest in annual installments from 2025 through future anniversaries.
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Form Type
3
Rhea-AI Filing Summary
Forbright, Inc. executive Leanne Ladd, an EVP, filed an initial Form 3 showing beneficial ownership of 47,045 shares of Class A common stock, all in the form of restricted stock awards that vest in annual installments from 2025 through future anniversaries. She also holds several stock option grants, including rights to buy 10,000 and 5,000 shares at exercise prices of $17.04 and $13.50 per share expiring in 2032, and additional options on 29,500 and 30,500 shares at $17.04 and $12.63 per share expiring in 2031, some of which are subject to performance-based vesting tied to pre-established stock price hurdles.
Insider Trade Summary
5 transactions reported
Mixed
5 txns
Insider
Ladd Leanne
Role
EVP
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| holding | Stock Option (right to buy) | -- | -- | -- |
| holding | Stock Option (right to buy) | -- | -- | -- |
| holding | Stock Option (right to buy) | -- | -- | -- |
| holding | Stock Option (right to buy) | -- | -- | -- |
| holding | Class A Common Stock | -- | -- | -- |
Holdings After Transaction:
Stock Option (right to buy) — 75,000 contracts (Direct);
Class A Common Stock — 47,045 shares (Direct)
Footnotes (5)
- F1. Includes (i) 19,545 restricted stock awards ("RSAs") granted on March 13, 2025 that vest in five substantially equal annual installments on the first five anniversaries of the grant date; (ii) 8,750 RSAs granted on February 12, 2026 that vest in three substantially equal annual installments on the first three anniversaries of the grant date; and (iii) 18,750 RSAs granted on April 29, 2026 that vest in three substantially equal annual installments on the first three anniversaries of the grant date.
- F2. These options were granted on July 1, 2021 and vest in five equal annual installments on the first five anniversaries of the grant date, of which 9,000 options are also subject to performance-based vesting conditions based on pre-established stock price hurdles.
- F3. These options were granted on July 1, 2021 and vest in five equal annual installments on the first five anniversaries of the grant date.
- F4. These options were granted on February 16, 2022 and vest in five equal annual installments on the first five anniversaries of the grant date, of which 5,000 options are also subject to performance-based vesting conditions based on pre-established stock price hurdles.
- F5. These options were granted on February 16, 2022 and vest in five equal annual installments on the first five anniversaries of the grant date.
Key Figures
Class A common stock held: 47,045 shares
RSAs granted March 13, 2025: 19,545 shares
RSAs granted February 12, 2026: 8,750 shares
+5 more
8 metrics
Class A common stock held
47,045 shares
Restricted stock awards as reported on Form 3
RSAs granted March 13, 2025
19,545 shares
Vest in five substantially equal annual installments
RSAs granted February 12, 2026
8,750 shares
Vest in three substantially equal annual installments
RSAs granted April 29, 2026
18,750 shares
Vest in three substantially equal annual installments
Option grant expiring 2032-02-16
10,000 underlying shares at $17.04
Stock Option (right to buy) on Class A common
Option grant expiring 2032-02-16
5,000 underlying shares at $13.50
Stock Option (right to buy) on Class A common
Option grant expiring 2031-07-01
29,500 underlying shares at $17.04
Includes performance-based vesting conditions
Option grant expiring 2031-07-01
30,500 underlying shares at $12.63
Vests in five equal annual installments
Key Terms
restricted stock awards, RSAs, Stock Option (right to buy, performance-based vesting conditions, +1 more
5 terms
restricted stock awards financial
"Includes (i) 19,545 restricted stock awards ("RSAs") granted on March 13, 2025..."
Restricted stock awards are company shares given to employees or executives that cannot be sold or transferred until certain conditions — like staying with the company for a set time or meeting performance targets — are met, like a gift that is locked in a safe until rules are satisfied. Investors care because these awards tie management’s pay to company performance, can increase the number of shares outstanding when they become tradable (dilution), and may signal expected future selling pressure or commitment to long-term growth.
RSAs financial
"...19,545 restricted stock awards ("RSAs") granted on March 13, 2025..."
Stock Option (right to buy financial
"Stock Option (right to buy)"
performance-based vesting conditions financial
"...also subject to performance-based vesting conditions based on pre-established stock price hurdles."
pre-established stock price hurdles financial
"...performance-based vesting conditions based on pre-established stock price hurdles."
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What does Forbright (FRBT) EVP Leanne Ladd report owning on this Form 3?
Leanne Ladd reports beneficial ownership of 47,045 shares of Forbright Class A common stock, all as restricted stock awards. She also holds multiple stock option grants covering thousands of additional shares, subject to time-based and some performance-based vesting conditions.
What stock options does Leanne Ladd hold in Forbright (FRBT)?
She holds several stock options (rights to buy Class A common stock), including blocks of 10,000 and 5,000 underlying shares expiring on February 16, 2032, and 29,500 and 30,500 underlying shares expiring on July 1, 2031, at specified exercise prices.
What are the exercise prices on Leanne Ladd’s Forbright (FRBT) options?
Her reported options have exercise prices of $17.04, $13.50, and $12.63 per share, depending on the specific grant. These strike prices apply to options expiring in 2031 and 2032, each tied to Class A common stock as the underlying security.
Do any of Leanne Ladd’s Forbright (FRBT) options have performance-based vesting?
Yes. Certain option grants are subject to performance-based vesting conditions based on pre-established stock price hurdles. These conditions apply to portions of the July 1, 2021 and February 16, 2022 grants, in addition to the standard time-based vesting schedule.
Over what period do Leanne Ladd’s Forbright (FRBT) options vest?
The options disclosed were granted in 2021 and 2022 and vest in five equal annual installments starting on each grant date’s first anniversary. This means the vesting schedule extends over a five-year period for each respective option grant.
AI-generated analysis. How Rhea-AI works. Not financial advice.
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